MARKET OPEN: NZ market may extend tentative rally

Tue, 05 May 2020

The New Zealand share market may extend yesterday's tentative rally as investors eye the potential easing of lockdown restrictions early next week. The S&P/NZX 50 Index turned around a 1.5 percent decline yesterday to end up 0.3 percent. Investors were cheered by news there were no new covid-19 cases in New Zealand, that work is underway to create a trans-Tasman “bubble” and that alert level 2 could be in place by early next week. Further details about what level 2 will look like will be revealed on Thursday. Sentiment, however, may c...

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